Honiton Energy Group ('Honiton') is inviting international investors to take a minority stake in the company, as part of its plans to become a listed company on an international stock market.
       Headquartered in Beijing, Honiton owns the rights to extensive power generation properties in China's Inner Mongolia region. (People’s Republic of China)

International Copyright Exchange has reportedly drawn up its blueprint to set up a Media Industrial Fund, according to the Shanghai Securities News. The proposed fund, at Rmb3 billion (US$439.4 million), is now seeking limited partners. (People's Republic of China)

Australia's Macquarie Group Ltd. is reportedly planning to raise its third infrastructure fund for South Korea. The fund is targeting a size of US$1 billion. It is a successor fund to Macquarie Opportunities Fund, which raised 1,214 billion won (US$1.3 billion) in 2007. (South Korea)

Anchorage Capital is bidding for Mitre 10 Australia Ltd. ('Mitre 10') for an equity stake of just below 50%. The transaction price was not disclosed. Mitre 10 has a hardware wholesale business that supports a network of over 450 stores in Australia. (Australia)

Pacific Equity Partners has raised its offer price for the takeover of Energy Developments Ltd. ('Energy Developments') to A$2.75 (US$2.4) per share, up by nearly 4% from its previous offer, representing an A$431 million transaction. The offer has received the support of Energy Developments' shareholders.
       Energy Development is an international provider of low greenhouse gas emissions energy. (Australia)

Motilal Oswal Private Equity Advisors Pvt. Ltd. has committed 400 million rupees (US$8.6 million) to Power Mech Projects, which provides assembly, testing and commissioning of boilers and generators for thermal power plants. (India)

Milestone Religare Investment Advisors Pvt. Ltd. has invested 600 million rupees (US$12.9 million) in Krishna Institute of Medical Sciences Ltd. ('KIMS'), a multi-specialty hospital. Established in 2002, KIMS provides services in cardiology, orthopaedics and oncology. (India)

OrbiMed Advisors LLC has consummated its maiden investment in India and provided funding to Ecron Acunova, a full service clinical research organisation. The transaction details were not disclosed. Ecron Acunova provides end-to-end services for clinical research and has operations in Europe and the USA. (India)

TPG has joined forces with a host of airlines and offered to provide up to US$1.1 billion to help the troubled Japan Airlines Corporation ('JAL'). The cash-strapped JAL has requested the Enterprise Turnaround Initiative Corporation of Japan to initiate a preliminary consultation to support its restructuring. (Japan)

Shenzhen Tiantu Xingrui Capital Co., Ltd. is teaming up with three other individual investors to invest an aggregate Rmb51 million (US$7.5 million) in Hangzhou Najing Technology Co., Ltd., which focuses on green photoelectric technology. (People's Republic of China)

Sina Corp. confirmed that a consortium of private equity investors, including Sequoia Capital China, CITIC Capital Holdings Ltd. and FountainVest Partners (Asia) Ltd., has participated in the US$180 million placement of Sina shares. (People's Republic of China)

Morningside Ventures has increased its holdings in the Nanjing-based wireless value-added services provider, ByRead Inc.. The investment, estimated to be less than Rmb1 million (US$146,435), was made alongside with the Hong Kong-listed Media Chinese International Ltd. (People's Republic of China)

Bohai Industrial Investment Fund could help provide financing to Geely Automobile Holdings Ltd. in the latter's bid for the Volvo Group, according to media sources. The acquisition would represent a US$1.8 billion deployment from the buying party. (People's Republic of China)

Kumho Asiana Group has reportedly picked KT Corp., the country's largest telecommunication service provider, and MBK Partners to take over its car rental company, Kumho Rent-A-Car Co., Ltd. (South Korea)

Mizuho Capital Partners ('MCP') has reportedly concluded its investment in Japan Pure Chemical Co., Ltd., which it first invested in 1999. At that time, the financial investor committed ¥4 billion (US$46.5 million) for a controlling stake in the metal-plating chemical company. In this final phase of sale, MCP is estimated to have returned ¥860.5 million back to MCP's coffers. (Japan)

Hony Capital has sold its equity stake in Lenovo Mobile Communication Technology Ltd. ('Lenovo Mobile') back to Lenovo Group Ltd.. The latter paid US$200 million to assume full control of Lenovo Mobile.
       In early 2008, Lenovo Mobile was sold to Hony Capital and another investor for US$100 million. (People's Republic of China)

China Forestry Holdings Co., Ltd. ('China Forestry'), backed by The Carlyle Group and Partners Group, was listed on the Stock Exchange of Hong Kong. It offered its stock at HK$2.07 (US$0.27) per share. Neither investor disposed of its holdings at China Forestry’s initial public offering. (People's Republic of China)

Two companies backed by private equity investors were listed on the Shenzhen Stock Exchange recently. Chengdu Santai Electronics Industry Co., Ltd. had earlier enlisted the Shenzhen-based Tiantu Capital Co., Ltd. as its investor, while Sunsea Telecommunications Co., Ltd. is backed by IDG Technology Venture Investments. (People's Republic of China)